Solutions
Lombard Risk Management has released its latest version of COLLINE — the company's award-winning collateral management, clearing, inventory management and optimisation solution.
Lombard Risk's COLLINE enables firms to move away from managing collateral in business silos by supporting multiple business lines on a single platform therefore enabling firms to significantly better manage their collateral inventory and optimise to ensure the best use of it — addressing the issues of limited liquidity and lower capital charges. COLLINE version 13 enhancements and new functionality includes:
• Regulatory Enhancements – supporting clients in meeting their IOSCO and Basel III regulatory commitments.
• User-definable
Trading volume in S&P 500 Index (SPX) options and CBOE Volatility Index (VIX) futures set new single-day records, while C2 Options Exchange (C2) experienced the busiest trading day in its history on 15 October.
Total exchange-wide options volume at Chicago Board Options Exchange (CBOE) was 10.6 million contracts (estimated) traded, just shy of the all-time record of 10.9 million contracts on 8 August 2011.
Trading of options on the S&P 500 Index (SPX) at CBOE set a new single-day volume record on 15 October, as 2,671,462 contracts (estimated) traded, surpassing the previous high of 2,282,029 contracts on 20 June
The Depository Trust and Clearing Corporation’s (DTCC) subsidiary Fixed Income Clearing Corporation (FICC) intends to submit a rule filing with the Securities Exchange Commission (SEC) and an Advance Notice filing to both the SEC and the Federal Reserve to provide central clearing for the over USD1.6 trillion institutional tri-party repo market.
Central clearing would play a key role in providing stronger participant and systemic safeguards for the tri-party repo market. FICC provides the only central clearing function for tri-party repo trades in the US and is the only platform ready to serve this market.
The intended rule filing will
Neonet, an independent agency broker and execution specialist, is providing access for clients to Aquis Exchange, the subscription-based European equities exchange.


“We are very pleased to welcome Neonet as a new member of Aquis Exchange,” says Graham Dick, head of sales and CRM at Aquis Exchange. “Neonet is the latest addition to Aquis’s growing list of participants, who are attracted by our unique subscription pricing model and innovative new products.”


“We are delighted to be adding Aquis Exchange to our list of connected venues,” says Tim Wildenberg, chief executive officer of Neonet. “Our strategy is to be able to
Charles River, a front- and middle-office investment management solution provider, has enhanced its managed data service with the addition of Thomson Reuters pricing and reference data.
This is the latest in a series of continued enhancements to the Charles River Data Service which provides benchmark, reference and issuer data, real-time pricing and new security setup.
“Ensuring consistent, quality data for end users is one of the biggest challenges for investment firms industry wide; Charles River’s Data Service solves this challenge for clients while simplifying operations and lowering costs,” says Brad Haigis, director, Charles River Data Service. “We continue to
Initial feedback from the International Capital Market Association (ICMA) and the ICMA European Repo Council (ERC) members and operations working groups indicates that that the transition to settlement at T+2 for the European fixed income markets has been largely successful with few issues.
The migration of the standard settlement cycle for cash trading in bonds from settlement at T+3 (Trade date + 3 working days) to T+2 was made in response to the EU Central Securities Depositories Regulation (CSDR) and took effect on 6 October 2014.
Godfried De Vidts, chair of ICMA’s European Repo Council, says: “Feedback from ICMA
Gemini Alternative Funds brought together a variety of experts on alternative investments at "Gemini Forum: Behind the Scenes of Alternatives," held in New York City on 8 October.
The registered investment advisors (RIAs) and journalists who attended the event were given an opportunity to learn about the benefits managed account platforms offer to investors seeking access to alternative investment strategies.
The industry experts also discussed why strategies focused on managed futures are attractive in the present environment.
"Liquid alternatives are growing fast, and this trend may likely continue for at least the next few years," says David Young,
Morgan Stanley is to become a clearing member of the Eurex Clearing’s Securities Lending CCP.
Both partners aim to have finalised the process by the end of October.
“Morgan Stanley is supportive of CCP solutions for securities lending such as the Eurex Clearing model as it allows us to preserve our client relationships and deliver best execution with risk, resource and operational efficiencies. Tiered membership plays a critical part in facilitating buy-side participation through different forms such as the Specific Lender License,” says Susan O’Flynn, managing director, global head of CCP strategy and optimisation, Morgan Stanley.
“We are
The share of US investors reporting they trade a portion of their overall swaps trading volume electronically jumped from 23 per cent in 2013 to 41 per cent in 2014.
Another 20 per cent in 2014 said they plan to start trading electronically in the next 12 months, according to a report from Greenwich Associates, which the changes in the US swaps market since the start of mandatory trading on SEFs.
The top two platforms for investors trading interest-rate swaps electronically – Tradeweb and Bloomberg – remain the same today as they were before SEF rules came into effect
EuroCCP has launched clearing services for clients matching OTC transactions with Traiana.
Participants can now request Traiana to forward bilaterally agreed matched transactions to EuroCCP to be centrally cleared with their activity across 18 markets.
This model will reduce counterparty risk and create significant cost savings due to netting a clearing participant’s on exchange and OTC transaction flows.
“With the successful extension of our coverage to include Traiana, we anticipate clients in the broker and investment bank sectors will increase their usage of EuroCCP’s clearing services for OTC transactions,” says Diana Chan, CEO of EuroCCP.
Roy Saadon, head
